Rheinmetall and Destinus plan to accelerate the fielding of the 2,000-km-class (1,080 nm.) Ruta Block 3 cruise missile as part of the brewing partnership.
OHB and Rheinmetall finalized their plans for a joint venture to pursue a German military proliferated low-Earth-orbit communications satellite program.
The German market is an early proving ground for companies vying to equip European air forces with collaborative combat aircraft to augment crewed fighters.
Rheinmetall would plan to build Boeing MQ-28 Ghost Bats collaborative combat aircraft (CCA) at its facility that is also building Lockheed Martin F-35 parts if it can convince the German government to buy the drone.
Rheinmetall warned investors that first-quarter sales came in below their consensus expectations, but said that recovery in the current quarter would make up for the shortfall.
Rheinmetall says it has received the order to provide synthetic aperture radar (SAR) satellites to the German Armed Forces a day after funding was approved.
Germany has taken delivery of its first Arrow 3 ballistic missile defense system as the government also disclosed additional Kongsberg JSM procurement plans.